To facilitate Non-Resident Legal entities, Meezan Bank is pleased to offer Meezan Roshan Digital Business Account (MRDBA). It will enable legal entities incorporated / registered outside Pakistan, majority owned and controlled by Non-Resident Pakistanis (NRPs) and / or Non-Resident Pakistan Origin Card (POC) holders, to open a bank account in Pakistan digitally.
Please carefully read and understand the eligibility criteria to start the account opening process.
Eligible Customer types include:
Note: At least 51% of ownership must reside with NRPs/ POC holders.
Apply Now by following the steps given below:
Kindly ensure availability of the documents so that you can upload these with your account opening application.
Account Opening DocumentsAccount will be opened within 48 hours; subject to completion of all documentation and formalities. However, this time period may be extended up to 30 Days for customers incorporated / Registered in jurisdictions where online digital varication is not available.
Turn Around Time (TAT) for processing account shall increase where Bank needs to perform Enhanced Due Diligence (EDD) / obtain any approvals or until rectification of any discrepancy which is identified by the Bank.
Meezan Roshan Digital Business Account is offered in both current & savings accounts under the Islamic concept of Qard & Mudarabah.
PKR Savings Account
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
USD Savings Account
Bank will share 75% of Gross Income as Mudarib
Depositor will share 25% of Gross Income as Rab-ul-Maal
GBP Savings Account
Bank will share 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal
EUR Savings Account
Bank will share 90% of Gross Income as Mudarib
Depositor will share 10% of Gross Income as Rab-ul-Maal
| Products | Tier Groups | Weightage Assigned |
|---|---|---|
| Meezan Roshan Digital Business Account (PKR) | Monthly | 0.40 |
| Meezan Roshan Digital Business Account (US Dollar) | Monthly | 0.58 |
| Meezan Roshan Digital Business Account (GBP) | Monthly | 0.27 |
| Meezan Roshan Digital Business Account (Euro) | Monthly | 0.27 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Meezan Roshan Digital Account (PKR) | Monthly | 11.01% |
| Meezan Roshan Digital Account (US Dollar) | Monthly | 2.14% |
| Meezan Roshan Digital Account (Pound) | Monthly | 1.25% |
| Meezan Roshan Digital Account (Euro) | Monthly | 1.20% |
On agreeing to become a Pak Rupee / Foreign Currency Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharakah.
Current Account (Pak Rupee / Foreign Currency) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.
For your valuable comments, feedback or complaints, you may contact us in the following manner:
Connect via email: [email protected]
Call us 24/7 at: +92 (21) 111-331-331 & +92 (21) 111-331-332
For further information on Roshan Digital Business Accounts from State Bank of Pakistan (SBP) you may visit https://www.sbp.org.pk/RDA/index.html
You may also share your suggestions/ feedback on Roshan Digital Business Account with SBP at [email protected]
In case you are not satisfied with the resolution provided by the Bank regarding your complaint or wish to register a grievance with the State Bank of Pakistan regarding Roshan Digital Business Account,
you may lodge your complaint at https://complaint.sbp.org.pk/or through the App available at Google Play Store